G3 currency bonds are expected to increase by 30% this year

Standard Chartered expects the issuance of Asia's G3 currency bonds to increase by 30% year-on-year this year, reaching approximately USD 16.5 billion, about half of the issuance in 2021. The economic recovery momentum is not comprehensive, and in 2024, debt mainly reflects the demand for refinancing. Under high interest rates, companies tend to rely on bank loans rather than issuing bonds, especially large Hong Kong companies are relatively quiet in bond issuance activities. Taking Sun Hung Kai Properties as an example, it has obtained a HKD 23 billion syndicated loan, with a slight increase in interest rates compared to the 5-year loan earlier